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Vietnam’s real estate market is seeing notable developments across housing, urban projects and policy. In Ho Chi Minh City, the municipal authorities have approved the conversion of nearly 10,500 square meters of land for the An Phu urban area, which has a total project area of nearly 1.08 hectares. In Thu Thiem, the Sala urban area has opened sales of nearly 500 high-end Sarene apartments and 56 Savila sky villas after eight years, adding premium supply to the area. In southwestern Ho Chi Minh City, the growth of industrial parks is driving demand for housing, services and amenities, creating further momentum for urbanization. Meanwhile, in Bac Ninh, the Soul Center Van Trung social housing project has been launched with more than 3,200 apartments, while Vingroup’s new urban area in northwestern Bac Ninh City, with total investment of more than VND 41 trillion, is expected to break ground on September 16.

The real estate market is facing clear pressure from high interest rates and slowing purchasing power. Home loan rates commonly ranging from 12% to 14% are making buyers more cautious, while property businesses continue to increase borrowing and accept high capital costs to maintain their projects. Financial pressure is also affecting apartment owners who are considering selling to repay debt or switching to rental arrangements to generate cash flow to offset interest expenses. In the social housing segment, many eligible buyers are concerned about losing their allocation as preferential lending funds become scarce, while scheduled installment payments are approaching. On the policy front, the Ministry of Construction has proposed allocating land for rental housing in areas oriented toward public transport development and around universities. It has also removed the concept of “time-limited apartments” from the latest draft amendment to the Housing Law to avoid misunderstandings about ...

Vietnam’s real estate market is seeing notable developments across asset sales, housing policy, investment demand and infrastructure. VietinBank is offering more than 7,200 square meters of land and attached assets in the new Cau Giay urban area, with a starting price of nearly VND 540 trillion, equivalent to around VND 75 million per square meter. In the social housing segment, many approved buyers are concerned about losing their purchase opportunities as preferential lending funds have run out while scheduled payment deadlines approach. At the Con Dao social housing project, lease-to-own buyers can choose terms from five to 20 years, with after-tax prices ranging from VND 133,000 to VND 354,000 per square meter per month. On the policy front, the Ministry of Construction has removed the concept of “time-limited apartments” from the latest draft of the amended Housing Law to avoid misunderstandings about apartment ownership rights. Local authorities have also been asked to end the ...

Vietnam’s real estate market recorded notable developments in legal procedures, finance and supply. Under Decree 339, a project developer may face a fine of VND 240 million to VND 300 million for accepting contractual payments in cash. The Ministry of Agriculture and Environment has also asked provinces and cities to end the repeated return of land-related applications and strictly handle officials who cause difficulties or give preferential treatment to applications submitted through brokers. In Ho Chi Minh City, authorities have proposed five revenue streams for projects that directly benefit from planning and urban railway infrastructure under the transit-oriented development model. Meanwhile, Hanoi has allowed THT Development Co., Ltd. to sell up to 150 apartments in three towers at Starlake to foreign buyers. In terms of project development, Ho Chi Minh City has leased nearly 4.5 hectares of land at the Saigon Hi-Tech Park to Starmason until 2076 for a super-large data center co...

Vietnam’s real estate market recorded notable developments in legal procedures, finance and project implementation. The Ministry of Agriculture and Environment asked provincial and municipal authorities to end the repeated return of land dossiers and strictly handle officials who cause difficulties or favor applications submitted through brokers. In Ho Chi Minh City, the municipal government proposed five revenue sources from projects that directly benefit from planning and urban railway infrastructure in areas developed under the transit-oriented development model. However, many urban areas in the city still have vacant school land because of handover regulations dating back more than 20 years. Da Nang will continue allocating and leasing land for two urban projects near Hoi An under a special mechanism, while the Angel Island project in Dong Nai has taken another legal step after waiting for implementation for more than 20 years, following the publication of its environmental impact ...

The real estate market recorded notable developments in legal procedures, finance and project progress. In Dong Nai, Angel Island, a more than 200-hectare urban area with total investment of VND 20 trillion, reached a new milestone as the consultation dossier for its environmental impact assessment was made public after more than 20 years of waiting. Meanwhile, the industry’s debt-to-equity ratio rose to 0.72 times at the end of June, the highest level in the past 15 quarters. Financial pressure was also reflected in HDBank’s notice to seize 26 land plots and various property rights belonging to Hoang Quan Real Estate, as the company still owed nearly VND 900 billion to the bank. On the cash flow support side, Izumi City introduced a payment plan allowing buyers to pay 60% to receive their homes, while the next 35% would be guaranteed by the bank and paid according to progress over 24 months. Housing supply and end-user demand remained in focus. Hundreds of social housing units in Ki...

A notable development in the real estate market is the tightening of regulations on transactions and residential use. Under Decree 339, trading floors, brokers and consultancy units that fail to report suspicious or high-value transactions may be fined from VND 40 million to VND 80 million. Using apartments for purposes other than residential use may also result in fines ranging from VND 100 million to VND 130 million. Meanwhile, market demand remains weak, with transaction volumes in several segments falling by 60% to 70% in July as buyers remained cautious about housing prices and borrowing costs. Many real estate companies have had to scale down operations, cut expenses and seek partners to maintain cash flow amid weaker liquidity, higher interest rates and tighter credit controls. In project news, Bcons introduced Bcons Central Park in Tam Hiep Ward, Dong Nai City, covering approximately 2.7 hectares and comprising 2,820 apartments. More than 800 social housing units at the Hoang...